Day traders turning to advisers for help
Do-it-yourself investors found that market gyrations required constant attention and that their amateur trading tools were limited, so many have decided that they need professional help.
January 25, 2021 4 MINS
The age of coronavirus lockdowns helped fuel a blistering rise in retail trading, and many rookies even beat the market. But day traders also found that the year’s market gyrations required constant attention and that their amateur trading tools were limited.
So many do-it-yourself investors have decided that they need professional help.
Jeremy Johnson, a 31-year-old ad tech sales manager in Atlanta, started out trading popular stocks on Robinhood and making deposits to his Roth individual retirement account. But after investing more than $15,000 a year on average by himself, in November Johnson decided that it was time to turn to a financial adviser.
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